Aurora Capital Partners Acquires VLS Recovery Services

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Oct 17, 2017, 12:29 ET

LOS ANGELES, Oct. 17, 2017 /PRNewswire/ -- Private equity firm Aurora Capital Partners ("Aurora") today announced that it has completed its acquisition of VLS Recovery Services, LLC ("VLS" or the "Company"), a leading provider of specialty cleaning and waste processing services. Terms of the transaction were not disclosed.

Headquartered in Hockley, Texas, VLS provides specialty cleaning services of railcars and large industrial containers for difficult-to-clean products including chemicals, hardened materials and pressurized gases. The Company also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. The Company operates out of facility locations in Texas, Georgia, Tennessee and South Carolina.

"Over the past ten years VLS has become the established leader of attractive niches in waste cleaning and processing with outstanding technical capabilities, deep customer relationships and an unrivaled track record of reliable performance. We look forward to partnering with the VLS management team and employees, who are proven innovators in their markets," said Mark Rosenbaum, a Managing Partner at Aurora.

"We have a long history of partnering with market-leading businesses to accelerate organic and acquisition growth initiatives. We see significant growth potential for VLS in the future and are excited to continue building on the Company's success," said Matthew Laycock, a Partner at Aurora.

"Aurora has a long and successful track-record of supporting companies like ours, and we are confident that this partnership is the right next step for VLS," said Michael Dilick, Chief Executive Officer of VLS. "Aurora has shown a strong commitment to partnering with management, and we are excited to invest in the business side-by-side with them as we look to accelerate our continued growth and evolution."

Other recent Aurora acquisitions include SRP Companies, Pace Analytical, and Randall-Reilly.

Duff & Phelps served as financial advisor to VLS, while BoyarMiller served as legal advisor. Gibson Dunn & Crutcher served as legal advisor to Aurora. Ares Capital Corporation and Varagon Capital Partners provided debt financing for the transaction.

About Aurora Capital Partners

Aurora Capital Partners is a leading private equity firm managing funds with total capital commitments of over $3 billion. Aurora focuses principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors. Aurora's investors include leading public and corporate pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Partners, visit: www.auroracap.com.

About VLS Recovery

VLS Recovery is a leading provider of specialty cleaning and waste processing services. VLS provides specialty cleaning services of railcars and large industrial containers for difficult-to-clean products including chemicals, hardened materials and pressurized gases. The Company also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. The Company operates out of facility locations in Texas, Georgia, Tennessee and South Carolina. For more information about VLS Recovery, visit: www.vlsrs.com.

SOURCE Aurora Capital Partners